Tolerance for risk normally decreases with age
Indicate whether the statement is true or false
TRUE
Business
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Factor analysis does not classify variables as dependent or independent
Indicate whether the statement is true or false
Business
Determine the average time that a snowplow is out of service
A crew of mechanics at the Department of Transportation garage make minor repairs to snowplows during the winter. The snowplows break down at an average rate of 4 vehicles per day and breakdowns are distributed according to the Poisson distribution. The mechanic can service an average of 7 vehicles per day with a repair time distribution that approximates a negative exponential distribution. Assume an 8 hour day. A) .33 hours B) 20 minutes C) 2.64 hours D) .19 days
Business